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Significant assumption

The opening position of the forecasted statements is based on unaudited results for 2006/2007. The actual results for April, May and June 2007 are unavailable, and therefore, the balance as at 30 June 2007 has been estimated using April, May and June 2007 forecast figures.

Other assumptions

These forecast financial statements comply with generally accepted accounting practice. The measurement base applied is historical cost.

The accrual basis of accounting has been used in the preparation of these forecast financial statements.